- CryptoQuant’s founder, Ki Young Ju, recently made predictions about when the next crypto rally could commence using various metrics.
- Ju’s analysis involved the Annual Cumulative Buy/Sell Order Volume Difference metric for altcoins, highlighting a significant detail about market movements.
- Ju noted that whales tend to prefer limit orders, suggesting that rising levels in this metric indicate future strong demand for altcoins among major crypto investors and institutions.
Discover the potential timeline for the next crypto rally, as analyzed by expert Ki Young Ju using key market metrics.
Analyzing the Annual Cumulative Buy/Sell Order Volume Difference for Altcoins
Ki Young Ju’s insights leverage a metric that measures the difference between buy and sell limit orders over an annual timeframe. This metric reveals that major investors, often termed “whales,” favor these types of orders. Observing a rising trend in this metric implies that whales are placing significant buy orders, potentially signaling robust future demand for specific altcoins.
Potential Altcoins to Watch Based on Future Purchase Orders
According to CryptoQuant’s founder, several altcoins could experience an uptick due to an increase in future purchase orders. These include Solana (SOL), Polygon (MATIC), Cardano (ADA), Cosmos (ATOM), PancakeSwap (CAKE), My Neighbor Alice (ALICE), Ampera (AMP), Ankr Protocol (ANKR), and Chilliz token (CHZ). The analysis suggests that these altcoins are positioned to benefit from significant investor interest.
Current Shortcomings in Purchase Orders for Certain Altcoins
On the other hand, Ju noted that some altcoins are currently lacking in purchase order momentum. Altcoins such as XRP, Chainlink (LINK), Binance token (BNB), Compound Finance (COMP), Bancor Network (BNT), and Aave (AAVE) have not shown significant increases in buy orders, indicating a potential lack of demand in the near term
Insights from Analyst Jamie Coutts on the Altcoin Market
Crypto analyst Jamie Coutts also recently shared predictions about the altcoin market. Coutts referred to the Top 200 Equal Weight Index, which tracks the price performance of the top 200 altcoins by market cap relative to Bitcoin (BTC). According to Coutts, this index suggests that an altcoin rally could be imminent as the metric stands between 10-20%.
Conclusion
In summary, according to Ki Young Ju’s analysis using the Annual Cumulative Buy/Sell Order Volume Difference metric, significant future demand for select altcoins could drive a market rally. While some altcoins are currently showing strong future purchase order activity, others lag behind. Crypto analyst Jamie Coutts further supports the possibility of an altcoin surge, highlighting broader market indices. Investors should closely monitor these metrics and developments to make informed decisions.
